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Gomspace: Cost control on track - Danske Bank

GomSpace delivered Q3 results largely in line with our estimates, with sales growing 148% y/y (from a low base) and EBIT improving from SEK-27m to SEK-7m. Cash flow was good (albeit helped by favourable working capital) but overall opex and cash flow show that GomSpace is on track to reach its target of positive operational cash flow. We slightly increase our valuation range from SEK7-26 to SEK9-27.

GomSpace delivered Q3 results largely in line with our estimates, with sales growing 148% y/y (from a low base) and EBIT improving from SEK-27m to SEK-7m. Cash flow was good (albeit helped by favourable working capital) but overall opex and cash flow show that GomSpace is on track to reach its target of positive operational cash flow. We slightly increase our valuation range from SEK7-26 to SEK9-27.
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